Hi there, I need help with these self review questions which recap what was learned in a lecture. They are not for marks however they help you analyze the key take aways. This is a macroeconomics class and i have yet to take microeconomics which is why I find it more difficult for me to understand. Please take a look and help me so I can overlook your solutions to recap my knowledge and understanding, I really appreciate it i will be sure to leave a great rating- all the best and stay safe.
Which of the following items will be included in official Canadian GDP statistics? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Emily and Rhonda trading an hour of dance lessons for a haircut in Halifax. Money spent to clean up a local toxic waste site in Ontario. Robert paying Ted for a haircut in Winnipeg. The dollar value of the annoyance felt by local citizens living near a noisy airport in Saskatoon. Revenue generated by legal medical marijuana sales in British Columbia. Revenue generated by illegal marijuana growers in British Columbia.Suppose that Alberta imposes a sales tax of10 percent on all goods and services. An Albertan named Ralph then goes into a home improvement store in the provincial capital of Edmonton and buys a leaf blower that is priced at $200. With the 10 percent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prodtaccountiasorivate income (employee compensation, rents, interest, proprietors' income, and corporate profits) \\/ (Click to select) $220 $200 $180 None of the above Refer to the gure below and assume that price is xed at $31,000 and that Buzzer Auto needs ve workers for every automobile produced. 0. ' $31,000 |' D" 0 720 820 1170 Cars per week rice If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce? D How many workers will it hire? D If, instead, demand unexpectedly falls from DM to BL, how many fewer cars will Buzzer sell? D How many fewer workers will it need if it decides to match production to these lower sales? 1 Which of the following is not an economic investment? Multiple Choice the purchase of 50 shares of Aliant by a retired business executive the purchase of machinery by ABC Manufacturing Company the increase in the inventory on a grocer's shelf 0 O O O construction of a housing project for the homeless Suppose that the current Canadian dollar (CAD) to US. dollar exchange rate is $0.85 CAD = $1 U5. and that the us. dollar price of an Apple iPhone is $300. What is the Canadian dollar price of an iPhone? 35 |:| CAD Next, suppose that the CAD to U.S. dollar exchange rate moves to $0.96 CAD = $1 US. What is the new Canadian dollar price of an iPhone? $|:|CAD Other things equal, would you expect Canada to import more or fewer iPhones at the new exchange rate? More J (Click to select) Fewer
